The idea is to help small businesses and less-wealthy Argentines, who are experiencing the financial fallout from the pandemic disproportionately, as well as to purchase necessary medical supplies.

“Only 0.02% of the population will pay this contribution,” Carlos Caserio, the president of the Senate’s budget committee, said on December 4. “Don’t be deceived: We are not persecuting the rich.” He said the government simply sought a contribution from the richest Argentines so that the country could survive the pandemic and recover from the financial impact.



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